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Demonetisation, GST held back growth: Raghuram Rajan

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Economic growth held back due to demonetisation and GST, says Raghuram...

Demonetisation and the Goods and Services Tax (GST) are the two major headwinds that held back India’s economic growth last year, former RBI Governor Raghuram Rajan has said, asserting that the current seven per cent growth rate is not enough to meet the country’s needs.Addressing an audience at the University of California in Berkley on…

Rupee not to go into free fall, says Raghuram Rajan

New Delhi, Sep 11: Former Reserve Bank Governor Raghuram Rajan on Monday expects the rupee to not go in for a free fall as the central bank is appropriately raising interest rate to control inflation. The rupee crashed below the 72-mark to end at a life-low of 72.45 against the US dollar on growing fears…